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The Latest Breaking News from Income Tax

State Pension increase from April could mean half a million more people in retirement will pay tax

Older people on the Full New State Pension will receive £10,600.20 in the 2023/24 financial year.

Daily Record

BJP And Congress Vis-a-Vis Over Income Tax 'Survey' At BBC Offices

The Income Tax Department on Tuesday conducted a survey operation at the BBC offices in Delhi and Mumbai as part of a tax evasion investigation. Read further on Dynamite News:

Dynamite News

BBC offices in New Delhi and Mumbai raided by Indian tax authorities

INDIA’s income tax department is conducting raids at the BBC’s offices in Delhi and Mumbai, according to multiple reports.

The National (Scotland)

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Is Texas a tax haven? Not for businesses that pay higher taxes than in other states

Texas takes pride in being a low-tax haven, thanks largely to being among the states that don’t have an individual income tax.

Tribune News Service

Income Tax Officials Conduct ‘Surveys’ At BBC Offices In Delhi And Mumbai

Income Tax teams are conducting ‘surveys’ at the BBC offices in Delhi and Mumbai over allegations of international taxation and transfer pricing irregularities . Read Further on Dynamite News:

Dynamite News

India tax officials search BBC offices weeks after Modi doc

Officials from India’s Income Tax department began conducting searches at the BBC’s offices in the capital, New Delhi, weeks after the British broadcaster released a controversial documentary that examined Prime Minister Narendra Modi’s role during 2002 anti-Muslim riots

The Independent UK

India tax officers search BBC offices weeks after critical Modi documentary

Indian tax officers searched the BBC's bureaus in New Delhi and Mumbai on Tuesday, the British broadcaster said, weeks after the government banned as propaganda a BBC documentary critical of Prime Minister Narendra Modi's role in riots in 2002.

Reuters

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Income tax search at BBC’s Delhi, Mumbai offices

The income tax department is carrying out a survey at the BBC’s offices in Delhi and Mumbai, Newslaundry has learnt. This comes amid a controversy over the BBC documentary on Prime Minister Narendra Modi.

Newslaundry

How much America's richest people would pay under a billionaire tax is pretty complicated

Elon Musk and Bill Gates could owe billions under the Billionaire Minimum Income Tax. But how that tax would play out depends on several factors.

Fortune

Department to scrutinise tax filings

The Revenue Department plans to step up its examination of suspicious personal income tax returns, says director-general Lavaron Sangsnit.

Bangkok Post

Illinois must move forward and dig out of its pension problem

A new report from a civic group offers a plan that includes a 10-year income tax surcharge to shore up underfunded pensions. State legislators should take action.

Chicago Sun-Times

KY General Assembly gives final approval to income tax reduction

The Kentucky Senate has voted 30 to five to lower the state’s income tax rate from 4.5% to 4%, starting next year. Senate Budget Committee Chair Chris McDaniel said tax policy is a key lever for economic development in Kentucky.

WEKU

How much Plaid's plan to raise income tax in Wales would cost you

'The entire health and care system now is buckling, and unless we do something radical, it is going to collapse.'

Wales Online

Income tax ‘surcharge,’ other measures needed to pay down pensions, business group says

The report by the Civic Committee of the Commercial Club of Chicago is a new message from a group that opposed Gov. J.B. Pritzker on the graduated income tax in 2020.

Chicago Sun-Times

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Evening Standard

Liz Truss admits plan to scrap 45p top income tax rate was ‘bridge too far’

The former prime minister continued to defend her failed bid to boost growth in her first interview since stepping down

The Independent UK

Truss admits plan to scrap 45p top income tax rate was ‘bridge too far’

The former prime minister continued to defend her failed bid to boost growth in her first interview since stepping down.

The Independent UK

US states take control of abortion debate with funding focus

The U.S. abortion debate is shifting to funding as states take control of policymaking

The Independent UK

Plaid Cymru: Raise income tax to give NHS workers pay rise and end strikes

The Welsh Government is being urged to amend the draft budget.

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Newslaundry

Do you earn up to Rs 7 lakh? You might still be better off under the old tax regime

One thing that comes out clearly from the union budget presented earlier today is that the government wants income tax filers to abandon the old tax regime and move on to the new one.

St. Louis Post-Dispatch

Editorial: 'Fair Tax' won't pass, but even the debate is an ominous omen about McCarthy

There is a 0% chance that a proposal to eliminate the federal income tax and replace it with a massive national sales tax will even get out of the Republican-controlled House, let alone become law. But the fact that such a bluntly soak-the-poor idea is even getting an airing under…

The Conversation

New Zealand's tax system is under the spotlight (again). What needs to change to make it fair?

Aotearoa New Zealand’s new Prime Minister, Chris Hipkins, has said we should look at ways to make the tax system fairer. Finance associate minister David Parker made a similar point almost a year ago, though there was little real action after his comments.

Chicago Sun-Times

Give gun owners a tax break for getting rid of their weapons

The tax code should be amended so those who legally own a firearm can turn it in and receive a tax deduction on their federal income tax return.

Salon

GOP wants to impose 30% US sales tax

The bill would also eliminate corporate income taxes and abolish the IRS

Insider UK

Weaker economic growth costing Scottish Government almost £700m

Scottish Fiscal Commission says differences in tax policy between Scotland and the rest of the UK are also to blame

The Independent UK

Justices weigh effort to balance Washington state's tax code

An effort to balance what is considered the nation’s most regressive state tax code is coming before the Washington state Supreme Court

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